Question

What was the great depression

Answer 1

It was a period of time from 1929 to 1932 when the Wall Street exchange crashed. The US economy fell by half. People made frantic efforts to sell their shares. On October 13, 13 million shares were sold. Farmers were badly hit and speculators withdrew their money from the market. The effect of this recession in the US economy were felt worldwide.

Answer 2

Answer:

The Great Depression, the United States' largest economic downturn, ushered in a period of unemployment, labor strife and cultural complications. At the peak of the Depression, unemployment reached an astounding 25%. Unemployed urban Americans were forced to wait in soup and work lines, steal and live in shantytowns.